BlockFi and Grayscale

These are the SEC filings from BlockFi regarding actions with Grayscale Bitcoin Trust.

What's your take on how this led to selling pressure for the market?

Remember, selling GBTC on the equity market does not mean selling BTC in the spot market. AND BlockFi needs to have BTC for its customers.

Let's see what the community comes up with!

For some reference: jarvislabs.substack.com/p/the-grayscale-effect